PHOENIX-Wal-Mart acquires 11.7 acres at the southwest corner of 79th Avenue and Peoria from TPI Land Partnership II in a deal negotiated by RED Realty Advisors and NAI Horizon. The land acquisition comes a week after Chandler again says "no.

SOUTHFIELD, MI-CREW-Detroit will salute Ford Field in Detroit and the LOC Performance Products' HQ in Plymouth Township for construction excellence. The award recognizes two developments that have significantly impacted their surrounding communities.

SUPERIOR TOWNSHIP, MI-Hyundai will build a $117 million, 168,000-sf technical center near Ann Arbor. The project will create 85 jobs within the first year and a total of 751 new jobs by 2024, including 400 directly by the company, according to the state.

DEARBORN, MI-CNL, a Florida-based hospitality company, has acquired a majority interest in the 772-room Hyatt Dearborn here in a partnership with Ford Motor Land Development Corporation, in addition to a New York City property.

PHOENIX-The bank will open doors in a 60,000-sf retail center at the corner of 7th Street and Union Hills, a site bought from a locally based limited liability company. Handling the sale was a local trio from CB Richard Ellis.

PHOENIX-InnSuites Hospitality Trust reports a loss for the first six months of the year, but says it has taken several steps to be able to take advantage of a possible improvement in the tourism industry.

CLINTON TOWNSHIP-Baker College will open a $5 million academic building at its township location this fall. The completed building will house a new library, radiology lab for medical students and other classrooms, plus add an additional 200 spaces in the parking lot.

PHOENIX-TriWest Healthcare Alliance signs a five-year lease for another 53,438 sf in the Arizona Business Park, a term that coincides with a new $10-billion Department of Defense contract. The phased move-in to four buildings will be done in two years.